A new study published by Dartmouth researchers reveals that emissions from the world's largest corporations have resulted in $28 trillion in climate-related damages. The research specifically identifies ten major fossil fuel companies as responsible for half of these losses. By linking individual corporate emissions to financial damage, the authors aim to strengthen legal actions against polluters in the context of increasing climate litigation and 'polluter pays' legislation. The findings underscore the significant economic impact of corporate emissions on the climate crisis.
The global economy would be $28 trillion richer if extreme heat caused by climate emissions from the top 111 carbon majors had never happened.
Our framework can provide robust emissions-based attributions of climate damages at the corporate scale, helping courts evaluate liability claims for human-caused climate change.
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